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12

Commercial Property Register

March - June 2018

www.compropregister.com

THE LARGEST AVAI LABLE FLOOR PLATE IN MANCHESTER

32,000 SQ FT

MATT SHUFFLEBOTTOM

matt.shu

ebottom@knightfrank.com

07814 215 258

TO LET

FULLY FITTED OFFICE SPACE

Located within Manchester’s Victoria Station,

Martin House is arguably Manchester’s best

connected o ce building providing a high

quality working environment, fully fitted

and ready for immediate occupation -

ideal for call centre use.

With its easy access to major urban areas in

Greater Manchester, Merseyside and even the

Midlands, Cheshire is a favoured location for

leisure schemes.

One of the latest is David Lloyd’s plan for a

£9 million Adrenaline World adventure park at

Sandbach on an 18.5 acre site close to Junction 17

of the M6.

Lloyd said: “We have agreed on the name

Adrenaline World as there will be more ac-

tivities than were first imagined, some of

which will be on water. He said there were

a further nine sites in the pipeline but the

company is still seeking brownfield sites of around

10 acres within a 30-minute drive of population

centres.

Also in the county, McArthur Glen’s Cheshire Oaks

Designer Outlet has started constructionof a further 25

unitstotalling3,716sqmetres(40,000sqft)extension

in a £40 million project. This will be the centre’s sixth

expansion since it opened in 1995.

McArthur Glen’s Kenny Murray said: “Once com-

plete, visitors will be able to enjoy some 37,160 sq metres (400,000 sq ft)

of premium shopping space and an even greater mix of fashion, lifestyle

and restaurant brands.”

Hotels are also a feature of the leisure scene in Cheshire and the latest

deal is the brewer and pub owner, JW Lees, buying the refurbished 52-bed

Stannelands hotel at Wilmslow with its 3.4 acres of ground from the Merge

Group.

Cheshire is a favoured county for distribution units. Tritax Big Box

REIT has bought the 36,017 sq metres (387,541 sq ft) AO World national

distribution centre at Crewe for £36.10 million.

Colin Godfrey of Tritax commented: “This dedicated e-commerce

facility, which plays an integral role in

ao.com’

s national distribution

network, further diversifies our portfolio by tenant and geography. Against

the background of strong tenant demand and the limited supply of

modern big box units, this investment offers the potential for attractive

rental growth in 2021.”

JLL’s Joel Duncan said: “Investor demand for UK logistics assets has been

particularly strong over the past few years and this trend continued in

2017 when yields compressed further. Our preliminary estimates for total

industrial investment volumes indicate that some £10.2 billion was

transacted last year, over double the level of 2016, and marking the

highest year on record where our numbers go back to 2006.”

Cheshire

CATCHMENT

NEWS